Buy USD/JPY – 30M – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

The bullish trend up to the next resistance at 142.71300 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 142.19700 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 143.27900
2nd High 143.08300
Next High 142.71300
Current Price 142.33800
Next Low 142.19700
2nd Low 141.89500
3rd Low 141.61000

142.71300 – 143.08300 – 142.95600 – 142.19700 – 141.89500 – 141.61000

Download USD/JPY Signal Image

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